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Opinion

The Hidden Retirement Crisis and One Solution

The Hidden Retirement Crisis and One Solution
A pensioner holds his walking stick in this file photo. In America, Baby Boomers haven't saved enough to retire confortably and the next generations may well end up paying for it. Christopher Furlong/Getty Images
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Some financial experts claim that a wave of $1.4 trillion in unpaid student loans will cause the next U.S. financial crisis. Others point to the more than $21 trillion in national debt as the most likely cause.

Well, just hold on to your Gen X and Millennial assets because the next financial crisis in the United States will likely have nothing to do with either generation—except for the fact that they may well be paying for it.

James Gorrie
James Gorrie
Author
James R. Gorrie is the author of “The China Crisis” (Wiley, 2013) and writes on his blog, TheBananaRepublican.com. He is based in Southern California.
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